Standard Industries Reports ₹102 Crore Net Loss in Q1, Revenue Surges 53%
Standard Industries Limited announced its Q1 FY24 results, reporting a consolidated net loss of ₹101.99 crore, an improvement from the ₹137.97 crore loss in Q1 FY23. Revenue from operations increased by 53.5% to ₹1,049.49 crore. The trading segment was the primary revenue generator at ₹796.84 crore, followed by manufacturing at ₹252.65 crore. The property division reported no revenue but incurred a loss of ₹41.38 crore. Total expenses were ₹1,447.66 crore, with finance costs at ₹66.09 crore. The company's EPS improved to -₹0.16 from -₹0.21 in the previous year.